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Daily Digest 12/3 - Facts Back Russia on Turkish Attack, 3 Common Myths About Cities

Thursday, December 3, 2015, 10:49 AM

Economy

Mass Shootings Do Little to Change State Gun Laws (jdargis)

Virginia: After 23-year-old Virginia Tech student Seung Hui Cho killed 32 students and faculty members at the university in April 2007, then-Gov. Tim Kaine assigned a blue-ribbon task force to examine gun policies in the state. The task force made dozens of recommendations that, among other things, suggested that the state intensify background checks for gun purchasers, and ban firearm possession on college campuses. None of the recommendations became law.

Does Mass Surveillance Change The Way We Behave? (richcabot)

A team of researchers from the Helsinki Institute for Information Technology recorded nearly every piece of data — calls, texts, GPS locations, keypresses, mouse clicks, screenshots of computer desktops, browsing histories, and credit card usages, a total of 32 TB of data from 10 households — for an entire year. They found that constant, intrusive surveillance consistently resulted in behavioral effects.

Paris Attacks Legitimize a New Wave of Counter-Terrorism and Emergency Laws (Taki T.)

ISIS is an off-shoot of Al-Qaeda. However, the reason why it gained power so quickly is due to the U.S. invasion of Iraq. Not only did the invasion topple a government, it wrecked a whole country, destabilized an entire region and left a power vacuum behind. This power vacuum allowed armed groups to emerge and to gain a foothold in the region.

ISIS managed to find its way to Syria by manipulating the war between Bashar Al Assad and the Free Syrian Army. This war meant the destruction of Syria and its infrastructure, instability, and a massive flow of refugees into neighboring countries that has recently begun to shift to Europe.

How Gaddafi’s Ouster Unleashed Terror (richcabot)

“After the foiled attacks in Verviers in Belgium,” van Ostaeyen wrote, “it became clear that the main suspect Abdelhamid Abaaoud can be linked directly to this group. His little brother Younes (aged 14 and hence probably the youngest foreign fighter in Syria) has been portrayed multiple times in the ranks of Libyan fighters in Syria.”

The Lull Before The Storm—–It’s Getting Narrow At The Top, Part 2 (Aaron M.)

To wit, at the time of the 2008 crisis, China’s “official” GDP was about $5 trillion and its total public and private credit market debt was roughly $8 trillion. Since then, debt has soared to $30 trillion while GDP has purportedly doubled. But that’s only when you count the massive outlays for white elephants and malinvestments which get counted as fixed asset spending.

ECB & The Failed QE Stimulus (Aaron M.)

The combination of a continued declining recovery and a deflationary atmosphere present a compelling case that the ECB will accelerate it program despite strong opposition from German policymakers and others on the 25-strong committee. Since late October, many officials from Euroland have gathered in Frankfurt to brainstorm just what the central bank could do now to turn things around.

The Gold Price Broke Down. What’s Next? (Taki T.)

Now this happens to coincide with a test of the lower range of gold’s descending trend channel. The second chart shows gold’s three phases since it peaked in 2011. Right after hitting all-time highs, gold traded sideways, and it was unable to make higher highs (a first bearish signal). Next, as indicated with the red rectangle on the chart, a trend change took place as gold evolved to a clear downtrend. Typically, during such a phase, it does not really make sense to analyze the chart, so it is recommended to wait until a new pattern is visible. The third and current phase is a downtrend in a very precise channel, as seen hereunder.

Facts Back Russia on Turkish Attack (richcabot)

Although the Obama administration is not about to admit it, the data already available supports the Russian assertion that the Turkish shoot-down was, as Russian President Vladimir Putin asserted, an “ambush” that had been carefully prepared in advance. The central Turkish claim that its F-16 pilots had warned the two Russian aircraft 10 times during a period of five minutes actually is the primary clue that Turkey was not telling the truth about the shoot-down.

Why did Turkey shoot down the Russian Soukhoï 24? (richcabot)

In October 2015, when the Russian military campaign was just starting, and Salih Muslim was beginning the operation of forced Kurdisation of Northern Syria, the famous Turkish whistle-blower, Fuat Avni, announced via Twitter that Turkey was preparing the destruction of a Russian aircraft. This occurred on the 24th November.

Donald Trump Dares To Say That Turkey ‘Looks Like They’re On The Side Of ISIS’ (goldrunner1)

I doubt that this will get much more coverage in the U.S. media, because the mainstream media is not really supposed to be talking about what Turkey is doing. It would be extremely embarrassing for the Obama administration to admit that they have known that ISIS was shipping hundreds of millions of dollars worth of stolen oil into Turkey and didn’t do anything to stop it.

Sadly, the charade probably would have gone on for much longer if Russia hadn’t started talking about this. Last month, Putin actually showed surveillance photographs of oil vehicles heading into and out of Turkey to fellow world leaders...

Turkey Denies Russian Ships Access via Bosporus (Aaron M.)

Now Turkey is escalating it further by blockading all Russian ships to prevent them from accessing the Bosporus. This is clearly an act of war and Russia has defended Syria and its economic interests no different than the USA who has had far less of any economic interest at stake in any other situation.

2015: The Last Christmas In America (richcabot)

The problem with financialization is that it eventually runs out of oxygen. As earnings decline, eventually there's no more income to support more debt. And once debt stops expanding, the economy doesn't just stagnate, it implodes, because the entire ramshackle con game of financialization requires a steady increase in debt and leverage to keep from crashing.

Urban legends: three common myths about modern-day cities (Afridev)

In 2008, the UN announced that, for the first time in human history, 50% of the world’s population lived in cities. Ever since, the statistic has been cited over and over as evidence of a global shift toward urbanisation – the dawn of a new “urban age”. But these declarations disguise the many varied and diverging trends across the world’s different regions.

Why we need a ‘space race’ approach to saving the planet (Afridev)

The Paris climate talks have so far seen two major pledges to this end. A group of 20 major countries – representing 75% of the world’s emissions – have promised to double their clean energy research over five years. To complement this, Bill Gates has announced a coalition of top business figures committed to achieving a low carbon economy through investing “patient capital” in these new technologies. This follows calls earlier this year for a Global Apollo Programme to address climate change.

France places climate activists under house arrest during Paris summit (richcabot)

“They entered the apartment with shotguns and assault rifles. It was quite violent. They pinned us to the ground,” said Amélie, a young barmaid who did not wish to give her full name. “It lasted quite a long time. We had no idea why they were there.”

Gold & Silver

Click to read the PM Daily Market Commentary: 12/2/15

Provided daily by the Peak Prosperity Gold & Silver Group

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5 Comments

saxplayer00o1's picture
saxplayer00o1
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Posts: 4060
ECB Cuts Its Deposit Rate to Minus 0.3%

ECB Cuts Its Deposit Rate to Minus 0.3% as Boost to QE Awaited

Bloomberg-3 hours ago
By bringing the ECB further into the realm of negative interest rates, Draghi is following through on a pledge that the central bank will do what it must to return ...

German 2-yr yields hit new low as markets hope Draghi has what it ...

Reuters-5 hours ago
About one trillion euros of euro zone government bonds, or about a fifth of the ... Rhine-Westphalia, the German state with the most outstanding debt, and that of ...

ECB Day: markets tumble as Draghi disappoints investors - live updates

The Guardian - ‎3 hours ago‎
The euro jumped on foreign exchanges during Draghi's press conference in Frankfurt, as he said the ECB had decided to cut the deposit rate on bank reserves, and extend QE by six months – but would not step up the pace of bond buying. The ECB said it ...

IMF backs new ECB stimulus, says willingness to act key

Reuters-1 hour ago
WASHINGTON Dec 3 The International Monetary Fund on Thursday backed the European Central Bank's move to cut a key interest rate and extend its asset ...

Delinquency rates rising as Calgarians carry highest average debt

Calgary Herald - ‎16 hours ago‎
Total consumer debt amounted to nearly $1.59 trillion, with nearly two-thirds of that accounted for by mortgage debt, according to Equifax. The total borrowing was up from nearly $1.57 trillion in the second quarter of 2015 and $1.51 trillion a year ago.

Puerto Rico's Stalled Electric Deal Shows Long Path to Shed Debt

Bloomberg-17 hours ago
Even before Puerto Rico moves to restructure its $70 billion of debt, the trial run with its ... Prepa's restructuring would be the largest ever in the $3.7 trillion U.S. ...

Pemex sees total debt rising above $100 billion next year

Chron.com (blog)-18 hours ago
Total debt at Petroleos Mexicanos may rise to more than $100 billion in 2016 as the state-run oil producer plans to issue more debt amid a slump oil prices and ...

Brazil Congress gives Rousseff nod to run hefty 2015 deficit

Reuters - ‎19 hours ago‎
Congressional approval to change the target from a 1.1 percent primary surplus originally planned to a deficit of up to 2 percent of gross domestic product will allow Rousseff to avert a government shutdown by unfreezing billions of reais in spending.
Mark Cochrane's picture
Mark Cochrane
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Russian response

Posted this on the Russian Jet thread yesterday.

I guess that things aren't cooling down quite yet... Speaking uncomfortable truths in public. At a guess I would say that the rest of the evidence directly linking Erdogan and family is what is on the table at the meeting between Russia and Turkey which is mentioned.

Syria conflict: Russia accuses Erdogan of trading oil with IS

Russia's defence ministry has accused the family of Turkish President Recep Tayyip Erdogan of being directly involved in the trade of petroleum with the Islamic State group.

Deputy Defence Minister Anatoly Antonov said Turkey was the biggest buyer of "stolen" oil from Syria and Iraq.

-----

Russian Foreign Minister Sergei Lavrov has said he is prepared to meet Turkish counterpart Mevlut Cavusoglu to discuss the tensions at a conference of the Organization for Security and Co-operation in Europe (OSCE) in the Serbian capital Belgrade this week.

Mr Lavrov said he was willing to "hear what Mr Cavusoglu has to say", in comments broadcast on the Rossiya 24 news channel.

"It will be sad if we hear nothing new," he added.

It would be the first time the men have met since the downing of the jet.

 

 

thc0655's picture
thc0655
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The moment we've been waiting for has arrived

http://www.cnn.com/2015/12/03/us/san-bernardino-shooting/index.html

Syed Rizwan Farook -- one-half of the couple behind the San Bernardino shooting massacre -- was apparently radicalized and in touch with people being investigated by the FBI for international terrorism, law enforcement officials said Thursday.

Farook's apparent radicalization contributed to his role in the mass shooting, with his wife Tashfeen Malik, of 14 people Wednesday during a holiday party for the San Bernardino County health department, where Farook worked, sources said.

Still, it wasn't necessarily the only driver behind the carnage, as workplace grievances may have also played a role. President Barack Obama hinted as much Thursday when he said that the attackers may have had "mixed motives."

Farook traveled to Saudi Arabia for several weeks in 2013 on the Hajj, the annual pilgrimage to Mecca that Muslims are required to take at least once in their lifetime, which didn't raise red flags, said two government officials. It was during this trip that he met Malik, a native of Pakistan who came to the United States on a "fiancée visa" and later became a lawful permanent resident.

Officials had previously said that neither Farook and Malik were known to the FBI or on a list of potentially radicalized people. Nor had they had any known interactions with police until Wednesday's deadly shootout that culminated in their deaths.

Yet Farook himself had communicated by phone and via social media with more than one person being investigated for terrorism, law enforcement officials said. A separate U.S. government official said the 28-year-old has "overseas communications and associations."

As to what role those all played in the San Bernardino carnage, the official acknowledged, " We don't know yet what they mean."

I have an idea.  Why don't we establish a huge surveillance apparatus in leading western governments, give them a gazillion dollars, tell them to conduct surveillance on every living creature on earth regardless of Constitutional restrictions, and task them with identifying terrorists and active shooters AND STOPPING THEM ! ? 

If that doesn't work, why don't we citizens take responsibility for our own safety and start carrying weapons with which to fight back the next time one of these incidents goes down?

http://newyork.cbslocal.com/2015/12/03/ulster-county-sheriff-carry-guns/

http://www.kpho.com/story/30644963/arpaio-calls-on-250k-armed-citizens-to-stop-terrorism-and-mass-shootings

http://detroit.cbslocal.com/2015/12/01/armed-citizens-deter-terrorist-attacks-in-detroit-police-chief-says/

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Tall
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Posts: 564
Financial links for network of climate change deniers

New research for the first time has put a precise count on the people and groups working to dispute the scientific consensus on climate change. A loose network of 4,556 individuals with overlapping ties to 164 organizations do the most to dispute climate change in the U.S., according to a paper published today in Nature Climate Change. ExxonMobil and the family foundations controlled by Charles and David Koch emerge as the most significant sources of funding...

http://www.bloomberg.com/news/articles/2015-11-30/unearthing-america-s-deep-network-of-climate-change-deniers

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Poet
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Posts: 1891
Russia Says Turkish Gov't Profits From ISIS Oil, Supplying Arms

I think there is a compelling argument here...

How else does ISIS get the constant and steady and realizable flow of money to keep operating? War is expensive and paying fighters and paying for equipment and uniting is expensive. To be able to get constant convoys of thousands of trucks moving across borders without a single inspection. To arrest journalists and generals and prosecutors on charges of treason for finding arms shipments headed to ISIS. To have Erdogan's son in charge of an oil company... And for the U.S. and coalition forces to allegedly avoid hitting convoys of oil tankers disguised as up heavy trucks... And Turkey is a NATO ally.

Bombshell: Russian Military Reveals Details of ISIS-Daesh Funding, Turkey’s Role in Supporting the Terrorists, Complete Transcript, Videos, Documents (December 2, 2015)

So... What do you think?

Poet

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